the frightening thing is that the market cap is still $50 mill.
at least they got some cash in the bank at present but if they start throwing money at dud projects they wont have it for long. and this is at a time when we are in a resources boom. only need to look at some tech stocks to see how low their caps can go when they are no longer flavour of the month.
history has a habit of repeating and i wouldnt be suprised if wmt ends up back in the 1cps range. what happened to all their "U" just down the road from PDN???
WMT
western metals limited
the frightening thing is that the market cap is still $50 mill....
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